eTranzact Shares Jump 45% in One Week

Shares of eTranzact International Plc, a leading Nigerian payment fintech, surged by more than 45 percent in the week ending September 12, 2025, making it the top gainer on the Nigerian Exchange. The stock, which opened the week at N10.30, climbed steadily and closed at N14.95, driven by strong buying pressure and a series of positive corporate and regulatory developments.

One of the major triggers for the rally was the approval granted by the Federal Inland Revenue Service for eTranzact to serve as a key provider in the rollout of its nationwide e-invoicing project. This endorsement adds to the company’s earlier collaboration with the tax agency on VAT automation under the Tax Administration 2.0 initiative, further positioning it as a trusted partner in the government’s push for digitalization of tax administration and compliance processes.

The bullish sentiment also followed the release of eTranzact’s half-year 2025 financial results, which showed a pretax profit of N2.1 billion, up 18 percent from N1.8 billion recorded in the same period of 2024. The improved earnings were largely due to a sharp reduction in cost of sales, which dropped from N9.4 billion to N6.8 billion, allowing gross profit to rise nearly 40 percent to N6.4 billion. Although revenue slipped slightly from N14 billion to N13.2 billion, cost discipline boosted overall profitability. Operating profit stood at N2.07 billion despite higher administrative expenses of N3.9 billion, up from N2.7 billion the year before. With lower finance costs also supporting the bottom line, the company delivered a stronger-than-expected performance.

Shareholders had earlier backed bold growth plans at the company’s Annual General Meeting in July, approving a potential capital raise of up to N100 billion through a rights issue, private placement, or debt financing. They also authorized an increase in share capital beyond the existing 4.6 billion ordinary shares to support the planned expansion.

Market watchers noted that the stock had been trending upwards since the second quarter of the year. After a weak first quarter that saw it fall by over 11 percent, momentum shifted in April, and steady gains through June helped erase earlier losses. By mid-year, the stock had already gained 20 percent. The third quarter has so far proven to be the most rewarding, with a surge of over 91 percent, much of it concentrated in August and September. The latest 45 percent weekly jump highlights the heightened investor confidence and sustained bullish sentiment.

Technically, the stock broke through a long-standing resistance at N10, a level last tested in 2023, and powered its way to N14.95 on a weekly volume of 6.3 million shares. Analysts suggest that the combination of regulatory endorsements, solid earnings, and aggressive growth plans has created strong investor enthusiasm.

Looking at the bigger picture, eTranzact began 2025 at N6.50 after retreating from its earlier peak of N10 in mid-2023. The current rally, which has more than doubled its value year-to-date, reflects renewed optimism about its role in Nigeria’s evolving digital payments and tax compliance landscape.

With its position as an approved partner for e-invoicing, improving profitability, and plans to raise fresh capital for expansion, eTranzact is now seen as one of the standout fintech stocks on the Nigerian Exchange. Whether the momentum can be sustained will depend on the company’s ability to execute its growth strategy while managing costs and navigating the competitive payments space.